XRP has regained 50% of its recent losses, showing signs of a strong recovery. Currently trading at $2.29, the altcoin is testing a key resistance level at $2.33. Analysts believe sustained investor support could push XRP even higher.
Long-Term Holders Strengthen XRP’s Stability
The Long-Term Holder Net Unrealized Profit/Loss (LTH NUPL) indicator shows that long-term investors are in profit. Historically, when LTHs remain committed, the price tends to rise as fewer holders sell their assets.
Additionally, the Price DAA Divergence indicator is flashing a buy signal, suggesting increased market activity. A rise in daily active addresses (DAA) indicates growing confidence among traders, which could further fuel XRP’s recovery.
If XRP surpasses $2.33, it could rally toward $2.70, fully recovering recent losses.
If it fails to break through, a pullback to $2.14 or even $1.94 could erase gains and shift momentum bearish.
Holding above $2.33 is essential to maintain the current bullish trend and drive further upside.
Disclaimer: Not Investment Advice
it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.
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